Designed to track performance of largest and most liquid DeFi digital assets
MV Index Solutions GmbH in partnership with CryptoCompare, global leader in digital asset data, today announced the launch of the MVIS CryptoCompare DeFi 20 Index (ticker: MVDEFI).
“With the surge in popularity of DeFi projects and growing appetite from institutional investors, the MVIS CryptoCompare DeFi 20 Index makes this new asset class more accessible and offers investors an entry point to gain exposure to the top DeFi protocols.”
The MVIS CryptoCompare DeFi 20 Index is a modified market cap-weighted index which tracks the performance of the 20 largest and most liquid decentralized finance (“DeFi”) protocols. The index applies most demanding size and liquidity screenings to potential index components to ensure investability. The digital assets classified by CryptoCompare as decentralized finance as of the announcement date qualify for inclusion.
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“Our new DeFi index covers one of the most interesting and fastest growing trends in digital assets. Investors now have an instrument to benchmark a sector which is often referred to as the future of finance,” said Thomas Kettner, Managing Director at MVIS.
Charles Hayter, CEO and Co-Founder of CryptoCompare, commented: “With the surge in popularity of DeFi projects and growing appetite from institutional investors, the MVIS CryptoCompare DeFi 20 Index makes this new asset class more accessible and offers investors an entry point to gain exposure to the top DeFi protocols.”
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The MVIS CryptoCompare DeFi 20 Index (ticker: MVDEFI) is weighted by market capitalisation and is calculated in USD as a price return index. Capping factors are applied to avoid overweighting of single index companies. The index is reviewed on a quarterly basis.
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